Funny thing is, he is still the poorest member of the Smith brood!

It’s official. Jaden, 12, and Willow Smith, 10, no longer have to ask for allowance from mom and dad, Will Smith and Jada Pinkett-Smith — the all-star kids are raking in loads of money on their own. Jaden reportedly pulled in a whopping seven figures for starring in The Karate Kid! How nuts is that?

TMZ.com obtained Jaden’s Karate Kid contract from June 2009 — when he was only 10-years-old — and his up-front fee alone was $1,000,000! He was given the money in two installments — one for $900,000 and another for $100,000.

But Jaden received even more money after the film topped $150 million in the domestic box offices— a $2 million bonus!

So even though the documents show Jaden made $3 million, with the movie’s success and all the perks that came along with it, it’s being estimated that the 12-year-old made a whole lot more!